Fountain, Minnesota (55935) is a small town located just outside of Rochester with a population of just over 1000 people. It has low rent prices for two-bedroom apartments compared to the national average of $1,430, at just $820. This small town also has a grocery cost index of 99 compared to 100 in the US, making it an affordable place to live.
Fountain offers its residents plenty of outdoor activities and attractions like Clinton Falls State Park and Whitewater Valley Golf Course. The local economy is supported by businesses like Fountain Auto Service & Repair, Century 21 Premier Group Real Estate LLC, Krause’s Furniture & Appliance Center and Fountain Lumber Company.
This small town is an affordable place to live with a reasonable cost of living while offering plenty of amenities for those who enjoy nature and outdoor activities. The strong sense of community makes Fountain unique as there are several organizations that host events throughout the year such as the annual 4th of July Picnic and Parade or the monthly Farmers Market.
Fountain (zip 55935) has an unemployment rate of 4.7%. The US average is 6.0%.
Fountain (zip 55935) has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Fountain (zip 55935)
- The Sales Tax Rate for Fountain (zip 55935) is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Fountain (zip 55935) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Fountain (zip 55935)
- The average income of a Fountain (zip 55935) resident is $46,700 a year. The US average is $37,638 a year.
- The Median household income of a Fountain (zip 55935) resident is $76,250 a year. The US average is $69,021 a year.